Nvidia has denied allegations that its H20 artificial intelligence chips contain hidden “backdoors” that could enable remote, unauthorized access or control. The statement follows concerns China’s Cyberspace Administration (CAC) raised over possible security vulnerabilities in the company’s AI products. “Cybersecurity is critically important to us,” a Nvidia spokesperson told FOX Business in an email. “ Nvidia does not have ‘backdoors’ in our chips that would give anyone a remote way to access or control them.” Sources familiar with the matter said the H20 chip was discussed in a closed-door meeting between Nvidia representatives and the Chinese internet regulator. The discussions reportedly centered on fears that US-made chips might be designed to monitor users or bypass data privacy safeguards—concerns amplified by recent legislative proposals in the United States. Backdoors are undiscovered capabilities or vulnerabilities in hardware or software that ca n be used to g ain un authorized access. Beijing fears such mechanisms could lurk in foreign technology, particularly high-performance computing chips central to national infrastructure. US plan to track foreign visitors alarms other nations China’s worries deepened last month when news reports said the United States considered adding location-tracking or verification capabilities to semiconductors sold to other countries. It has been floated both in the White House and by lawmakers to boost national security and keep an eye on how chips are used beyond its borders. No legislation has been passed, but the idea has been thrown by foreign governments, particularly China, which views such things as potential surveillance tools. Chinese officials are concerned these capabilities would enable US agencies to listen in on, or even sabotage, Chinese networks . The concerns have been focused on privacy and national security, since businesses, military applications, universities, and AI research labs throughout China employ Nvidia’s chips. China has a history of testing technology brought in from the United States on security grounds. In 2023, for example, the government reportedly ordered critical infrastructure operators not to buy American memory chips from US-based Micron for national security reasons. Nvidia weighs goals against geopolitics The race between the United States and China to create the world’s first global computing network has intensified. And Nvidia is a big loser. Due to rules imposed by the US Department of Commerce, the company’s flagship H20 AI chip had been prohibited from being sold in China earlier this year. The restrictions were much broader as part of a continuing effort to restrict China’s access to advanced technologies that the administration considers necessary for its military and surveillance systems. The limitations were a major blow to Nvidia’s earnings and cost it billions of dollars in potential sales. However, that changed suddenly earlier this month, when the US lifted a year-old ban after a private meeting between President Donald Trump and Nvidia CEO Jensen Huang. The reversal was part of a broader mineral deal in which China agreed to ease its export restrictions on rare earth elements — materials crucial to semiconductor and electric vehicle manufacturing. That settlement permitted Nvidia to ship the H20 chip to Chinese buyers again, a development that investors and industry participants hailed. China is a major market for Nvidia, and demand for AI chips has soared as the country has grown quickly in tech. Despite the policy shift, the company continues under pressure to satisfy compliance requirem ents from both governments. Nvidia has to convince American officials and Chin ese r egulators that its chips won’t serve adversarial nations and assure China t hat th e same chips aren’t Trojan horses for surveillance. Still, Nvidia’s leadership has aligned itself with US ambitions to dominate the AI race. In an interview last week, the company’s CEO lauded the Trump administration’s AI roadmap, channeling a report that could accelerate technological progress and consolid ate Am erica’s tech leadership on the global st age. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Cryptopolitan 2025-08-01 08:37
XRP was a non-factor for Coinbase in 2024, but it's a completely different story this year
U.Today 2025-08-01 08:31
The Ether Machine has purchased nearly 15,000 ETH worth $56.9 million, reinforcing its long-term strategy to build a large institutional-grade ETH treasury. The announcement coincides with Ethereum’s 10th anniversary and includes a $100,000 donation to the Protocol Guild. Ethereum Turns 10: The Ether Machine Marks Milestone with Major ETH Buy The Ether Machine marked Ethereum’s
Bitcoin.com 2025-08-01 08:30
Around 48,600 Bitcoin options contracts will expire on Friday, August 1, and they have a notional value of roughly $5.7 billion. This one is around half of last week’s large end-of-quarter expiry event , so it is unlikely to be enough to influence spot markets, which have started to tank in the wake of Donald Trump’s trade tariff executive order. “Institutions are stepping in, long-term holders are taking profits, and Ethereum’s at the center of the stablecoin shift sparked by the GENIUS Act,” commented Deribit. Bitcoin Options Expiry This week’s big batch of Bitcoin options contracts has a put/call ratio of 0.75, meaning that there are more calls expiring than put contracts. There is also a max pain point of $116,000, pretty close to current spot prices, which is where most losses will be made on contract expiry. Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to almost $3 billion at this strike price. There is also more than $2 billion OI at $120,000 strike price as the bull speculators load up on contracts. Options Expiry Alert Tomorrow, over $7B in BTC and ETH options are set to expire on Deribit. $BTC : $5.72B notional | Put/Call: 0.74 | Max Pain: $116K $ETH : $1.35B notional | Put/Call: 0.97 | Max Pain: $3,500 BTC positions are wide, but price is holding right above max… pic.twitter.com/rHwqvBakWY — Deribit (@DeribitOfficial) July 31, 2025 The bears in the Greeks Live group were gradually shifting stance, but still not fully convinced. “The group shows clear division on market direction, with traders split between calling the bottom and expecting further downside,” they said in a weekly update. “Key levels being watched include $116k as critical support and $118k as potential resistance, with disagreement on whether the recent dip represents a buying opportunity or the start of a deeper correction.” The crypto derivatives provider also noted that the community expressed concern that without this institutional flow (Strategy buying 21,021 BTC), price could have easily dropped to $115,000 or lower, “highlighting the market’s current dependence on corporate treasury flows.” In addition to today’s batch of Bitcoin options, there are around 350,000 Ethereum contracts that are also expiring, with a notional value of $1.35 billion, a max pain point of $3,500, and a put/call ratio of 0.96. This brings Friday’s combined crypto options expiry notional value to around $7 billion. Crypto Markets Tank Crypto markets have dumped more than $100 billion over the past 24 hours in a 6% total capitalization decline to $3.86 trillion. The move was triggered by the US President unleashing a wave of tariffs before his Aug. 1 deadline. Many countries that failed to make a deal with him were facing steep tariffs, which rattled markets. Bitcoin tanked to a three-week low below $115,000 during the Friday morning Asian trading session as it clings to support levels within its rangebound channel. Ethereum fared a little better, dipping to $3,650 before rebounding to reclaim $3,700 at the time of writing. The altcoins were getting hammered as usual, with larger losses for Solana, Dogecoin, Cardano, Sui, and Chainlink. The post Will Markets Tank Further When $5.7B Bitcoin Options Expire Today? appeared first on CryptoPotato .
Crypto Potato 2025-08-01 08:30
Cryptocurrency enthusiasts are buzzing as Litecoin and Chainlink display promising upward trends. Enthusiasts are eagerly analyzing signals that suggest a major price surge could be on the horizon. With both coins hinting at a possible bull run, the crypto community is on high alert. This article delves into the factors that could make these coins the next big winners. Chainlink Price Dynamics: Past Growth and Current Trading Levels Chainlink experienced notable movements with a strong surge over the last month, recording almost a 35% increase that reflects renewed buying interest in a dynamic market. Over the past six months, its price dropped by around 28%, showing that longer-term pressures have weighed on sentiment. The coin’s journey during this period has seen it bounce between defined support and resistance levels while exhibiting clear volatility. Price swings and market indicators have underscored the gap between short-term rallies and longer-term declines, keeping traders alert as they navigated periods of optimism and caution alike. Currently, Chainlink trades within a range of approximately $11 to $15.70. Traders note the nearest resistance at $18.03 and the nearest support at $8.63, with secondary levels at $22.73 for resistance and $3.93 for support. The market displays mixed signals where oscillators provide slight bullish hints, but the momentum indicator remains negative, reflecting hesitation among traders. Bulls have managed intermittent control, yet persistent pressure from bears prevents a sustained upward trend. Trading strategies may involve waiting for consolidations near the current price range and examining dips towards immediate support for potential entries. Litecoin Market Dynamics: Past Performance and Current Trends Over the last month, Litecoin recorded a strong gain of nearly 29%, while the past six months reflect a decline of about 13%. The recent uptick indicates renewed investor interest and a recovery from earlier dips. This upward movement contrasts with longer-term downward pressure, suggesting that short-term rallies can offset some extended weakness. The significant price swings seen in these periods show that, while Litecoin may rise sharply in the short term, it remains subject to broader trends that can impact its overall performance. Currently, Litecoin trades in a range between $76.80 and $94.61, with key resistance at $103.27 and support at $67.65. A second resistance level is at $121.08, while additional support is noted at $49.85. The price remains within this defined corridor. Despite a moderate RSI near 60 suggesting some buying pressure, a negative momentum reading of -4.86 and a slight weekly drop of 1.16% indicate caution. Bulls are trying to push the price upward, but bears maintain enough control to keep the market range-bound. A trading strategy could involve monitoring for a breakout above $103.27 or a bounce from the $67.65 support, focusing on defined entry and exit points. Conclusion Both Litecoin (LTC) and Chainlink (LINK) are showing strong upward patterns. These coins are demonstrating significant bullish potential. Current analysis suggests that they might be nearing a crucial accumulation phase. Such a phase typically precedes substantial price increases. Hence, this period could be an opportune time for strategic positioning. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitzo 2025-08-01 08:30
During the interview, Dimon made it clear that JPMorgan’s increasing involvement in the crypto space—like plans for a deposit coin, a stablecoin expansion, and a new partnership with Coinbase—is driven by customer demand rather than personal enthusiasm. This evolving outlook is very similar to industry trends, with Visa also deepening its stablecoin integration. Visa now supports more stablecoins like USDG, PYUSD, and EURC, and new blockchains like Stellar and Avalanche. The company hopes that this will help it modernize global payments. Both companies’ moves suggest that there is growing institutional interest, clearer US regulation, and a recognition that stablecoins may redefine the future of finance. JPMorgan CEO Softens Crypto Stance Jamie Dimon, the longtime CEO of JPMorgan, suggested that he made a huge shift in his stance toward digital assets during a CNBC interview on Tuesday. He openly expressed support for stablecoins and acknowledged the value of blockchain technology. While still maintaining a cautious tone, Dimon explained that the bank’s expanding crypto strategy is primarily a response to customer demand rather than personal conviction. He said, “It’s what the customer wants, not what JPMorgan wants.” He also placed emphasis on the fact that financial innovation inevitably comes with risk, and “there’s never been a new financial product that didn’t entail risk.” This moderated tone is a major departure from Dimon’s comments over the years . In 2017, he famously called Bitcoin a “fraud” and dismissed it as worse than the speculative tulip bubble of the 17th century. He even threatened to fire any trader at JPMorgan who engaged with the asset. Over time, while maintaining skepticism about Bitcoin’s use cases, particularly its role in illicit activity, Dimon increasingly acknowledged the potential of blockchain. As recently as January 2025, he reiterated concerns over Bitcoin being used for criminal activity but continued to support blockchain innovations. JPMorgan’s actions reflect this evolving outlook. In July, Dimon confirmed that the bank plans to issue a deposit coin and broader stablecoin offerings as part of its plan to better understand and compete in the digital asset space. On Wednesday, JPMorgan also announced a new partnership with Coinbase , which will allow Chase credit card holders to purchase digital assets through the platform starting this fall. Additionally, users will be able to redeem Chase Ultimate Rewards points for the USDC stablecoin. The bank is also reportedly exploring offering direct loans backed by Bitcoin as collateral, with a potential launch as early as 2026. Overall, Dimon’s gradual softening may be a combination of market realities and strategic adaptation. Visa Expands Stablecoin Support JP Morgan is not the only company taking note of the growth in stablecoins. Visa took another major step toward integrating blockchain technology into mainstream finance by expanding its stablecoin settlement platform. The payments giant announced support for three new stablecoins—Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC)—along with the integration of two additional blockchain networks, Stellar and Avalanche. This development will make it possible for users to send and receive stablecoin payments or convert them into traditional fiat currencies across a broader range of networks. It also forms part of Visa’s main goal of modernizing its financial infrastructure. Visa press release Previously, Visa supported only Circle’s USD Coin (USDC) on Ethereum and Solana. With the addition of Stellar and Avalanche, Visa is widening its scope to offer faster and more efficient cross-border payments and settlements, a feature that appeals to institutions and international businesses. Additionally, tThe move aligns with the rising institutional interest in stablecoins, which was spurred on even more by the recent passing of the GENIUS stablecoin bill in the United States. This legislation provides clearer regulatory guidelines, which prompted banks, tech companies, and retailers to explore stablecoin use cases more seriously. Visa’s expansion is also happening at a time of intensifying competition in the stablecoin sector. Mastercard, its closest rival, already tokenized 30% of its transactions and is working with crypto companies to integrate stablecoin and digital asset payment rails. Meanwhile, JPMorgan’s recent partnership with Coinbase allows Chase users to convert rewards points into USDC, which serves as great proof that traditional banking and digital assets are converging. Big-name retailers like Amazon and Walmart are also reportedly investigating the launch of proprietary stablecoins to facilitate lower-cost, instant international payments. Bank of America even teased similar ambitions, and stablecoin infrastructure is being recognized as a disruptive force in the legacy payments industry. According to Alchemy's head of engineering Noam Hurwitz , on-chain stablecoin transaction volumes have already surpassed those of Visa and Mastercard, which could potentially position stablecoins as the internet’s new default settlement layer. Visa’s latest integration suggests that the company is preparing for a future where blockchain-based assets play a central role in the global financial system.
Coinpaper 2025-08-01 08:30
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! On August 1st,
CoinOtag 2025-08-01 08:28
In a landmark legal triumph, the Apertum Foundation and its senior advisor Josip Heit have decisively defeated the Texas State Securities Board (TSSB), one of the most formidable regulators in the United States. This resounding victory confirms that neither the Apertum token nor the DAO1 decentralized finance (DeFi) platform constitute securities under applicable securities laws, thereby dismantling major regulatory barriers and heralding a new golden age for DeFi innovation. Represented by the world-renowned Quinn Emanuel Urquhart & Sullivan LLP—the largest business litigation law firm globally with an 86% success rate across 2,500 tried cases and nearly $80 billion recovered—the Apertum Foundation and Mr. Heit aggressively challenged and triumphed in a major securities lawsuit filed by the Texas regulator . The TSSB has now dismissed its case against the Apertum Foundation and Mr. Heit, confirming the legitimacy of Apertum and DAO1 in one of the toughest regulatory jurisdictions worldwide. This watershed decision unleashes the full potential of the Apertum ecosystem, including its DAO1 DeFi platform and native $APTM token. Apertum is now poised for explosive growth, driving forward the next-generation blockchain revolution. The $APTM token itself surged over 140% in July alone amid this breakthrough, signaling the dawn of a new chapter in digital asset innovation and adoption. Apertum is already recognized as a fast-growing , top-tier Layer-1 blockchain within the Avalanche ecosystem. According to leading industry reports , it ranks among the Top Layer-1 projects of 2025, backed by exceptional on-chain metrics despite launching recently in Q1 2025. The Apertum blockchain is distinguished by its unparalleled speed, scalability, and ease of use—outperforming 98% of competing chains in the crypto industry. The Apertum ecosystem is fully integrated with CoinMarketCap , a platform attracting over 340 million monthly visitors, and its token trades on major global exchanges including MEXC, BitMart, P2B, and LBank, supporting over 80 million active traders worldwide. The community boasts over 55,000 active blockchain users, with more than $3.5 million worth of tokens burned and $25 million worth of $APTM mined and distributed through Apertum’s decentralized finance platform. The post Apertum Unlocks Major Growth After Winning Securities Lawsuit Against Texas Regulator appeared first on TheCoinrise.com .
The Coin Rise 2025-08-01 08:24
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Michael Saylor advocates
CoinOtag 2025-08-01 08:22
Bitcoin faces near-term pressure from whales and miners cashing out, even as long-term models and seasonal trends point to renewed upside.
Decrypt 2025-08-01 08:22
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Binance has reclaimed
CoinOtag 2025-08-01 08:19
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The crypto whale
CoinOtag 2025-08-01 08:16
Jamie Dimon Warms Up to Blockchain and Stablecoins
